Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) Given Average Rating of “Hold” by Analysts

Share on StockTwits

Shares of Aerojet Rocketdyne Holdings Inc (NYSE:AJRD) have earned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $52.25.

A number of research firms have weighed in on AJRD. JPMorgan Chase & Co. began coverage on shares of Aerojet Rocketdyne in a research note on Tuesday, September 10th. They set a “neutral” rating and a $52.00 target price on the stock. ValuEngine cut shares of Aerojet Rocketdyne from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st.

In other Aerojet Rocketdyne news, CEO Eileen P. Drake sold 38,656 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $52.07, for a total transaction of $2,012,817.92. Following the sale, the chief executive officer now owns 358,271 shares of the company’s stock, valued at $18,655,170.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AJRD. Price T Rowe Associates Inc. MD grew its stake in shares of Aerojet Rocketdyne by 17.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,824,034 shares of the aerospace company’s stock worth $395,052,000 after purchasing an additional 1,289,760 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Aerojet Rocketdyne by 2.8% in the second quarter. Vanguard Group Inc. now owns 8,648,206 shares of the aerospace company’s stock worth $387,180,000 after purchasing an additional 234,198 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Aerojet Rocketdyne by 1.6% in the third quarter. Eagle Asset Management Inc. now owns 2,238,500 shares of the aerospace company’s stock worth $113,066,000 after purchasing an additional 34,445 shares during the last quarter. Carillon Tower Advisers Inc. grew its stake in shares of Aerojet Rocketdyne by 1.5% in the second quarter. Carillon Tower Advisers Inc. now owns 1,956,894 shares of the aerospace company’s stock worth $87,610,000 after purchasing an additional 29,175 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Aerojet Rocketdyne by 1.7% in the second quarter. Northern Trust Corp now owns 953,372 shares of the aerospace company’s stock worth $42,683,000 after purchasing an additional 15,837 shares during the last quarter.

NYSE:AJRD traded down $0.14 during mid-day trading on Friday, reaching $44.20. The stock had a trading volume of 140,957 shares, compared to its average volume of 442,197. The stock has a 50-day simple moving average of $44.94 and a two-hundred day simple moving average of $45.48. The stock has a market capitalization of $3.49 billion, a PE ratio of 22.90, a P/E/G ratio of 4.73 and a beta of 0.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.54 and a quick ratio of 1.54. Aerojet Rocketdyne has a 12 month low of $30.11 and a 12 month high of $52.84.

Aerojet Rocketdyne (NYSE:AJRD) last announced its quarterly earnings data on Tuesday, October 29th. The aerospace company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.09). The firm had revenue of $481.80 million during the quarter, compared to the consensus estimate of $505.47 million. Aerojet Rocketdyne had a net margin of 7.34% and a return on equity of 27.14%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. Equities analysts expect that Aerojet Rocketdyne will post 1.71 EPS for the current year.

About Aerojet Rocketdyne

Aerojet Rocketdyne Holdings, Inc designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. The company operates through two segments, Aerospace and Defense, and Real Estate. The Aerospace and Defense segment offers aerospace and defense products and systems for the United States government, including the Department of Defense, the National Aeronautics and Space Administration, and aerospace and defense prime contractors.

Featured Story: What are convertible shares? 

Receive News & Ratings for Aerojet Rocketdyne Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aerojet Rocketdyne and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.